What is the tax obligation on US securities?

As a non-US resident investing in US securities, it is important to know that you may have tax obligations to both the United States and your local tax authorities.

For residents of the Netherlands, with a completed US tax form (W-8BEN, etc.), the withholding tax is 15%. Without the form, the withholding tax is 30%. The tax is automatically withheld from your dividends and paid to the Internal Revenue Service (‘IRS’) by Webull.

This withholding tax only applies to paid dividends and not to capital gains.

We offer the opportunity to have a W-8BEN form completed and submitted on your behalf by our licensed and regulated US clearing partner when you open an account with us. This service is free of charge. However, you may still be required to file a Dutch tax return.

The above information does not constitute tax advice. You should seek your own independent tax advice accordingly.